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TATA GLOBAL BEV. Announces Quarterly Results (2QFY19); Net Profit Down 7.8%

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TATA GLOBAL BEV. Announces Quarterly Results (2QFY19); Net Profit Down 7.8%
Tue, 6 Nov

TATA GLOBAL BEV. has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

TATA GLOBAL BEV. Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m16,92118,02617,609-2.3%4.1%
Other incomeRs m335285708148.2%111.1%
TurnoverRs m17,25718,31118,3170.0%6.1%
ExpensesRs m14,78215,53815,9422.6%7.9%
Gross profitRs m2,1402,2511,599-29.0%-25.3%
DepreciationRs m2952953053.4%3.4%
InterestRs m96126115-8.8%19.2%
Profit before taxRs m2,0842,1161,888-10.8%-9.4%
TaxRs m728835637-23.7%-12.5%
Profit after taxRs m1,3571,2811,251-2.4%-7.8%
Gross profit margin%12.612.59.1
Effective tax rate%34.939.433.7
Net profit margin%7.97.06.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 4.1% on a year-on-year (YoY) basis. The expenses were up by 7.9% YoY during the same period.
  • The company's operating profit declined by 25.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.1% in 2QFY19 as against 12.6% in 2QFY18.
  • Depreciation charges increased by 3.4% and finance costs increased by 19.2% YoY, respectively.
  • Other income increased by 111.1% YoY during the quarter.
  • Net profit for the quarter declined by 7.8% YoY. Net profit margins during the quarter declined from 7.9% in 2QFY18 to 6.8% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 2.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.6% QoQ during the same period.
  • The company's operating profit declined by 29.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.1% in 2QFY19 as against 12.5% in 1QFY18.
  • Net profit for the quarter declined by 2.4% QoQ, while net profit margins declined from 7.0% in 1QFY18 to 6.8% in 2QFY19.

To see how TATA GLOBAL BEV. has performed over the last eight quarters, please visit here.

TATA GLOBAL BEV. Share Price Performance

Over the last one year, TATA GLOBAL BEV. share price has moved up from Rs 234.1 to Rs 217.5, registering a Loss of Rs 16.7 or around 7.1%.

Overall, the S&P BSE SENSEX is up 4.1% over the year.

Current Valuations

At the current price of Rs 217.5, the price to earnings (P/E) ratio of TATA GLOBAL BEV. stands at 24.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.9 times.

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For the quarter ended March 2019, TATA GLOBAL has posted a net profit of Rs 938 m (down 18.2% YoY). Sales on the other hand came in at Rs 18 bn (up 5.2% YoY). Read on for a complete analysis of TATA GLOBAL's quarterly results.

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For the quarter ended December 2018, TATA GLOBAL BEV. has posted a net profit of Rs 1 bn (down 35.7% YoY). Sales on the other hand came in at Rs 19 bn (up 10.5% YoY). Read on for a complete analysis of TATA GLOBAL BEV.'s quarterly results.

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